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CHS rejects $2.4 billion buyout of its Fort Wayne hospitals

By Dave Barkholz  |  May 22, 2017

Community Health Systems has rejected a $2.4 billion buyout offer for its eight Fort Wayne, Ind., hospitals, saying Monday the proposal by physicians and private-equity players came in at least $1 billion lower than what it was worth.

Would CHS sell its 'crown jewel' hospitals in Fort Wayne?

Would CHS sell its 'crown jewel' hospitals in Fort Wayne?

By Dave Barkholz  |  May 19, 2017

The face of Community Health Systems would change dramatically if the hospital giant accepted a physician-led buyout offer for its eight hospitals in Fort Wayne, Ind. The eight hospitals that make up the Lutheran Health Network generate 15% to 20% of CHS earnings.

CHS' largest investor turns activist

CHS' largest investor turns activist

By Dave Barkholz  |  March 13, 2017

Chinese billionaire Tianqiao Chen, the largest shareholder of Community Health Systems, signaled Monday that his passive investment in the struggling hospital chain could turn activist.

CHS agrees to sell its 16th hospital under turnaround plan

By Dave Barkholz  |  March 03, 2017

Community Health Systems has found a buyer for its 125-bed Stringfellow Memorial Hospital in Anniston, Ala., the 16th hospital that it has agreed to divest since beginning a restructuring last year. The hospital will sell for $25 million.

Two big shareholders unload CHS stock

Two big shareholders unload CHS stock

By Dave Barkholz  |  February 16, 2017

North Tide Capital and Camber Capital Management, each with activist histories, have sold their entire stakes in troubled Community Health Systems. Chinese billionaire Tianqiao Chen remains CHS' largest shareholder with a 13.8% stake.

Rachel Seifert is retiring as general counsel at Community Health Systems

By Dave Barkholz  |  January 20, 2017

Rachel Seifert, the top attorney at Community Health Systems, is retiring at the end of March after spending almost two decades as the hospital company's first and only general counsel. Separately, Allen Carroll, the longtime CEO of Bon Secours St. Francis Hospital in Charleston, S.C. is retiring...

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